Your account has been succesfully created.
00 days
00 hours
00 mins
00 secs
Special offer: -20%20% OFF your subscription
Consult our offers
EN FR
Scroll through edition
Hermès heirs at odds
Hermès retains the battle scars from the aborted LVMH raid of the early 2010s.© Studio Pachamama

Running Story
Hermès heirs at odds

The target of an aborted raid by LVMH in the early 2010s, Hermès still bears the battle scars of that operation. Wealth manager Éric Freymond, who played an instrumental role in the luxury giant's takeover bid, still holds shares in the leather goods brand and remains close to several of founder Émile Hermès's heirs. The three branches of the shareholding family are seeking to isolate him.

Hermès heirs at odds
Hermès retains the battle scars from the aborted LVMH raid of the early 2010s.© Studio Pachamama

Fallout from Freymond-Hermès affair spreads to Rolex

As lawsuits from aggrieved clients pile up against wealth manager Eric Freymond's family, the affair is sparking concern within Geneva's elite business circles. The in-laws of the financier accused of embezzling several clients' fortunes are closely linked to Geneva's leading company, Rolex.

LogoSubscribers only Switzerland Families 03.02.2026

Spotlight
How wealth manager Eric Freymond worked with an Abu Dhabi wealth manager favoured by African leaders

As a growing number of lawsuits against his family and partners are filed in Switzerland, Glitz is continuing to unravel the complex financial arrangements that enabled the late financier to embezzle his clients' funds, including those of the Hermès heir Nicolas Puech.

In the Emirates, Éric Freymond was working with the same financial networks as several African leaders.
LogoSubscribers only UAE Families 27.01.2026
In the Emirates, Éric Freymond was working with the same financial networks as several African leaders.

Inside the private investment portfolios of the Hermès family

Alongside their joint investment fund Krefeld, created two years ago, the three family branches that own Hermès continue to run their own investment entities.

LogoSubscribers only France Families 16.12.2025

In Focus
Hermès heir's late wealth manager hid millions in Dubai

Up until his death this July, the Swiss wealth manager Eric Freymond had been secretly transferring the accounts of his clients, who included the Hermès heir Nicolas Puech, to the United Arab Emirates. Some of the money in those accounts has since disappeared.

The financier Eric Freymond in the United Arab Emirates, the focus of opaque transactions that ultimately led to his downfall.
LogoSubscribers only Switzerland, UAE Families 27.11.2025
The financier Eric Freymond in the United Arab Emirates, the focus of opaque transactions that ultimately led to his downfall.

How Éric Freymond attempted to sell Hermès shares to Qatar in his final roll of the dice

It turned out to be the last transaction that the wealth manager attempted before his death - in the spring, the elusive financier sought to pull off a final coup by selling six million Hermès shares to a financial adviser of the Qatar royal family.

LogoSubscribers only France, Switzerland Families 28.10.2025

Late Swiss asset manager Freymond switched residency to Italy, complicating assets recovery

Éric Freymond's swindled clients and creditors are facing a major legal battle to recover their assets. The Swiss national had in 2019 transferred his residence and tax domicile, further complicating attempts at assets recovery.

LogoSubscribers only Italy, Switzerland Families 14.10.2025

The mysterious deal between Gianni Agnelli's former lover and an Hermès heir's wealth manager

Battling numerous lawsuits at the time of his sudden death in July, wealth manager Eric Freymond, accused of embezzling the fortune of an Hermès heir, had nevertheless managed to negotiate a confidential settlement with one of the individuals suing him just before his demise.

LogoSubscribers only Switzerland Families 30.09.2025

Spotlight
Probe into Nicolas Puech's missing Hermès shares continues despite main suspect's death

The sudden death of asset manager Eric Freymond in July has not ended the judicial probe in France into the six million Hermès shares he was accused of stealing from his client Nicolas Puech, the great-grandson of Émile Hermès.

The key figures in the scandal engulfing Hermès (from left): Éric Freymond, Nicolas Puech and Bernard Arnault.
LogoSubscribers only France, Switzerland Families 23.09.2025
The key figures in the scandal engulfing Hermès (from left): Éric Freymond, Nicolas Puech and Bernard Arnault.

Family of Hermès heir's late wealth manager Éric Freymond close down store and gallery amid seizure threats

A few weeks after the brutal death of the wealth manager Éric Freymond, his family announced to friends that the Menus Plaisirs store in Gstaad was to close, along with the Espace Muraille gallery in Geneva.

LogoSubscribers only France Families 02.09.2025

In Focus
The last confession of Eric Freymond, the shadow financier in the missing Hermès shares scandal

A few weeks before throwing himself onto the railway tracks near his chalet in Gstaad on the morning of 23 July, the Swiss asset manager Freymond agreed to meet with journalist Philippe Vasset, editor-in-chief of Glitz, for Revue XXI magazine.

Implicated in the Hermès affair, the Swiss businessman Éric Freymond committed suicide on 23 July at the age of 67.
LogoSubscribers only France, Switzerland Families 31.07.2025
Implicated in the Hermès affair, the Swiss businessman Éric Freymond committed suicide on 23 July at the age of 67.

Spotlight
War over six million missing Hermès shares goes nuclear

Legal pressure is being piled in both France and Switzerland on wealth manager Eric Freymond, who is accused by his former client, the Hermès heir Nicolas Puech, of misappropriating six million Hermès shares from him.

Éric Freymond and Nicolas Puech go head-to-head in a legal battle with numerous twists and turns.
LogoSubscribers only France, Switzerland Families 03.04.2025
Éric Freymond and Nicolas Puech go head-to-head in a legal battle with numerous twists and turns.

Former Hermès wealth manager Freymond and French ex-PM Villepin boost art market ties

The exhibition of his daughter's paintings in Eric Freymond's Geneva gallery brought former prime minister Dominique de Villepin closer to the erstwhile wealth manager of the Hermès heir.

LogoSubscribers only France, Switzerland Families 30.01.2025

Spotlight
The secret story of the 6 million Hermès shares that vanished into thin air

Glitz.paris has reconstructed the movements of the 6 million shares held by Hermès heir Nicolas Puech that mysteriously disappeared into a labyrinth of offshore accounts and Panama shell companies. The shares passed through the hands of Swiss asset managers, then LVMH finance directors, and are now beyond the reach of their owner, who is calling it the "heist of the century".

This week, Glitz.paris reveals the movements of the 6 million shares held by Hermès heir Nicolas Puech that mysteriously disappeared into a financial labyrinth.
LogoSubscribers only France, Switzerland Families 21.11.2024
This week, Glitz.paris reveals the movements of the 6 million shares held by Hermès heir Nicolas Puech that mysteriously disappeared into a financial labyrinth.

Hermès heir's ex-wealth manager can't kick Panama habit

Nicolas Puech's former wealth manager Éric Freymond, accused by the Hermès heir of mismanagement, set up over a hundred foundations and companies in Panama through a structure administered by his daughter.

LogoSubscribers only Switzerland Families 31.10.2024

Hermès heir's foundation adds legal eagle to board amid fight with founder

The Isocrates Foundation has been in limbo for two years, embroiled in a dispute with its founder, Hermès heir Nicolas Puech. Potentially stripped of Puech's 5.7% stake in the leather goods company, the organisation has just named a Swiss legal heavyweight to its board of directors.

LogoSubscribers only Switzerland Families 26.09.2024

Spotlight
Behind-the-scenes battle for 5.7% Hermès stake to become public feud

Wealth manager Éric Freymond is preparing to go public over his legal dispute with Hermès heir Nicolas Puech, who claims to have been defrauded by his decades-long financial adviser. The tactic is tried-and-tested for Freymond, who has previously used it to secure a settlement from publicity-shy opponents.

Implicated in the Hermès affair, the Swiss businessman Éric Freymond committed suicide on 23 July at the age of 67.
LogoSubscribers only France, Switzerland Families 05.09.2024
Implicated in the Hermès affair, the Swiss businessman Éric Freymond committed suicide on 23 July at the age of 67.

In search of Nicolas Puech's missing Hermès shares

Shortly before the legal battle erupted between Hermès heir Nicolas Puech and his wealth manager Éric Freymond over missing shares representing 5.7% of the luxury group's capital, Freymond claimed in another case that he himself was a major Hermès shareholder "through his clients".

LogoSubscribers only France, Switzerland Families 29.08.2024

Nicolas Puech's former wealth manager targeted by lawsuit

Éric Freymond, the long-time financial adviser to one of Émile Hermès's main heirs, stands accused of using another magnate's fortune for his own ends.

LogoSubscribers only Switzerland Families 25.07.2024

Spotlight
Hermès heir Nicolas Puech front and centre in Gstaad inheritance dispute

Already in the spotlight for unexpectedly rewriting his will, Hermès heir Nicolas Puech now finds himself embroiled in a heated inheritance dispute involving his former wealth manager, Éric Freymond, and a once-prominent Gstaad high society figure who died in 2021.

Éric Freymond and Nicolas Puech.
LogoSubscribers only France, Switzerland Families 07.03.2024
Éric Freymond and Nicolas Puech.

Hermès heir Nicolas Puech distances himself from long-time wealth manager

Wealth manager Éric Freymond, Nicolas Puech's loyal financial adviser, has left the board of the Hermès heir's foundation, where he had held a seat for 10 years.

LogoSubscribers only France Families 26.10.2023

Stay updated on this topic

Hermès retains the battle scars from the aborted LVMH raid of the early 2010s.

Running Story
Hermès heirs at odds

Our other Running Stories

All Running Stories

Sign up for real-time alerts and be notified of new editions!  

Once registered, you will be notified by a short message on your computer or mobile phone as soon as a new edition of our publication or an alert is published. Stay informed anytime, anywhere!